`Captive generation not enough to meet demand
Kolkata: CESC has been in dire straits for quite some time now, primarily on account of what its MD, Mr Sumantra Banerjee, describes as a `time disconnect' between cash-payouts and cash-inflows.

This happened as the flagship company of the RPG group's tariff reviews for a few years got substantially delayed leading to payment defaults and increased borrowings.
Just at a time when the debt restructuring exercise launched over a year ago began reaching its logical conclusion, came the Electricity Act, 2003, opening up fresh areas of concern for the company.
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RBI warns State government on market borrowings
Mumbai: State Governments have been cautioned about increasing their market borrowings; the RBI Governor has told State Finance Secretaries that the States' ability to raise funds at a lower cost should not bring in complacency, "because debt once incurred must be repaid."
States were also told to control expenditure and evolve a better cash management system.
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